Standard Life Investments

Inside Global Insurance Investment

Regulatory developments in Singapore

The Singaporean monetary authorities launched a consultation paper on the development of a new risk-based capital framework for insurers in Singapore.

October 2016

Meanwhile, the Monetary Authority of Singapore (MAS) launched its latest consultation paper on the development of a new risk-based capital framework for insurers in Singapore (referred to as RBC 2). RBC 2 aligns well with Solvency II and borrows some of its key ideas, including the use of a Matching Adjustment (MA) in the discounting of some forms of liability cashflows. Interestingly, this consulation paper proposes widening the eligibility criteria to allow a larger portion of Singaporean insurance liabilities to us MA.